“Stop saying nonsense”: How Sisi thinks about the people?
Last Monday, during the activities of the first conference of the National Alliance for Civil Development Action, the president called on the Egyptians to stop “saying nonsense” and that:” the conditions are tough, but this does not mean that the…
Egypt’s annual rate of core inflation rose to 24.4% in December 2022
On Tuesday, the Central Bank of Egypt issued a statement saying that the country’s annual rate of core inflation rose to 24.4% in December 2022. This is the highest inflation rate in Egypt since December 2017, when it reached 21.9%….
IMF conditions for Egyptian economic reform knock off Sisi’s imprudent policies
The International Monetary Fund declared its conditions for concluding a $3 billion loan to Egypt that was agreed on last December. The Egyptian government kept the requirements of the deal under cover, considering what they meant for the living conditions…
The national dialogue in Egypt: Faltering beginning, and the opposition threatens to withdraw from it
More than eight months have passed since the Egyptian President called for a “national dialogue” that includes the various sectors of society to discuss the country’s political and economic crises and propose ways to solve them, but this “dialogue” is…
12 doctors resign daily: Egypt’s health sector in crisis
In May 2020, the medical team at Al-Munira Hospital submitted a collective resignation, protesting the harsh working conditions and the Ministry of Health’s intransigence in providing medical supplies with arbitrary administrative threats and ignoring their requests regarding other technical issues….
The US dollar exceeds a record in Egypt at 32 Egyptian pounds
On Wednesday, one US dollar exceeded 32 Egyptian pounds after the International Monetary Fund (IMF) announced Egypt’s pledges to switch to a flexible exchange rate permanently. On Tuesday, the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) said that…
Reuters: Egypt’s inflation rate will continue to increase
On Monday, Reuters predicted that Egypt’s core inflation rate would continue to rise after it hit a five-year high. At the same time, the devaluation of the local currency continues to cast a shadow over the country. The Egyptian Central…
IMF says Egypt’s external debt will rise to 39.6% of the GDP
The International Monetary Fund (IMF) has said that Egypt’s external debt will rise to 39.6% of GDP in the current fiscal year, compared to 37.3% in the previous fiscal year. The IMF has lowered its forecast for the growth of…
Shrinking in Egypt: Layoffs and work reduction in Egyptian companies
Bloomberg has said that Egyptian companies are reducing production and staff numbers due to the devaluation of the local currency, which the government was forced to do to conclude a deal with the International Monetary Fund. S&P Global economist David…
Massive violations of media freedom in Egypt in 2022
The Arab Observatory for Media Freedom has noted the continuous detention of journalists and the shutdown of news websites in a recent report on media freedom in Egypt in 2022. Sixty-three journalists were detained in 2022, while more than 600…
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